Concept aerial showing the Mr. C construction site, the Nora Hotel district and The Belgrove Resort amid new downtown redevelopment.
West Palm Beach, Florida, August 23, 2025
Three major hospitality moves are reshaping West Palm Beach: Mr. C Hotel & Residences broke ground after securing a $285 million construction loan for a 146-residence, 110-suite mixed-use tower; a New York–based operator is advancing a 201-room Nora Hotel inside the planned Nora District, a roughly 40-acre, 2 million-square-foot downtown project; and The Belgrove Resort & Spa has opened as a 150-room island-like property with extensive amenities. Together these projects signal strong lender interest, design-forward hospitality expansion and growing investment in walkable, mixed-use neighborhoods in central Palm Beach County.
Three major hospitality projects are reshaping downtown West Palm Beach and nearby areas. A luxury mixed-use tower tied to the Mr. C brand has officially broken ground after securing a $285 million construction loan. Nearby, a long-planned neighborhood called the Nora District is advancing with a signature new-build hotel by an established boutique operator, slated to open in 2026. Meanwhile, a new full-service resort and spa has opened, adding 150 rooms and broad leisure amenities to the market.
The Mr. C Hotel & Residences development moved into construction after its backers closed on a $285 million construction loan provided by a specialty lender. The project is already mostly presold, with about 70 percent of residential units sold prior to construction start.
In parallel, the Nora District—an ambitious, roughly 40-acre neighborhood-scale plan—has secured development partners and a hotel operator to lead its signature hospitality element. The operator will build a roughly 201-room, 150,000-square-foot hotel that is on track to open in August 2026.
The Belgrove Resort & Spa has opened and is accepting guests, positioning itself as a new full-service resort option in the area, with suites, a spa, courts for racquet sports and a private championship golf course for guests and members.
A joint venture led by local developers has started vertical work on a mixed hotel and residential project at 327 Okeechobee Boulevard. The construction loan for the build was arranged through a specialty capital provider and represented a key step to start work. Financial advisors assisted in the loan closing.
The project will deliver 146 luxury residences alongside 110 hotel suites under the Mr. C flag. The homes and shared spaces were designed with inspiration drawn from midcentury Mediterranean glamour. Design teams on the project include well-known architecture and interior studios. Shared amenities will include a garden-level lap pool with private cabanas, poolside bar and lounge, a fitness center with dedicated rooms for yoga, Pilates and Peloton workouts, a full spa with steam and sauna, business and library lounges, and high-speed private elevators. The property will use a custom app for service requests and will present curated art throughout common areas.
The site sits within walking distance of cultural and civic destinations such as the county convention center, the local art museum and the performing arts center, as well as parks and trails that thread through downtown.
The Nora District is shaping up as a mixed-use neighborhood running along North Railroad Avenue and built through both adaptive reuse of warehouse buildings and new construction. Partners have assembled parcels adjacent to the site and plan a build-out totaling roughly two million square feet at a cost above $1 billion. The district will include retail, restaurants, residential, office, hospitality and wellness uses and is intended to be pedestrian-friendly with cobbled streets and short blocks of one- and two-story retail.
A boutique operator from outside Florida will lead the design, development and operations of a signature hotel in the district. That hotel will be the operator’s first new-build outside its home market. The property is budgeted at just under $200 million, will total about 150,000 square feet, and will include 201 rooms. The design language blends Mediterranean Palm Beach–style references with local historic ideas; a New York-based interior studio and an engineering and architecture firm are listed as design partners. Food-and-beverage programming will include a well-known restaurant concept on the ground floor and a rooftop venue with garden dining, bars, a pool and private cabanas. The hotel is intended to be a neighborhood anchor and community gathering spot, with surrounding plans that include rental buildings, condominium towers and four blocks of retail nearby.
The Belgrove Resort & Spa has opened as a new, full-service resort about a short drive from Palm Beach and the regional airport. The property has 150 rooms and suites, a range of dining outlets, a full-service spa with private suites and a separate spa pool, a 1,000-square-foot fitness center with classes, and courts for tennis, pickleball and padel. Rates vary widely by season and room type.
Meetings and events are supported by over 21,000 square feet of indoor and outdoor space, including ballrooms and lawns. The resort also includes a private, members-only 7,300-yard championship golf course designed by a high-profile course designer; golf for guests carries additional fees and a mandatory caddie charge. The resort plans to add 22 luxury villas by the end of the year, which may be included in a managed rental program.
Together, these projects reflect both investor confidence and market change in South Florida. Large construction and permanent loans have been placed in the region recently for mixed-use and residential projects, and operators are positioning new hotels to capture demand from residents, visitors and relocating firms. The combination of cultural assets, new office product and growing residential inventory is drawing developers to downtown West Palm Beach and surrounding corridors.
The project has broken ground after securing construction financing. Residential sales are already about 70 percent pre-sold. Expect construction to continue over the next several years before hotel and residences deliver.
The Nora Hotel is scheduled to open in August 2026, aligning with a major anniversary for the hotel operator.
Yes. The resort has opened and is accepting guests, with rooms, suites, dining outlets, a spa and sports facilities currently available.
The overall district footprint approaches 40 acres with roughly two million square feet of planned build-out. It will mix retail, restaurants, homes, offices, hotels and wellness offerings, delivered in phases through adaptive reuse and new construction.
The Mr. C project closed a major construction loan through a specialty capital lender. In recent months, other large loans and permanent financings have been recorded in South Florida for mixed-use and multifamily projects, signaling active deal flow.
| Project | Status | Key figures | Target opening / milestone | Notable features |
|---|---|---|---|---|
| Mr. C Hotel & Residences (West Palm Beach) | Groundbreaking; construction loan closed | 146 residences; 110 hotel suites; $285M construction loan | Construction underway; 70% of homes sold | Garden lap pool, spa, fitness studios, private elevators, curated art, custom service app |
| The Nora Hotel (Nora District) | Design & development advancing; operator-led | 201 rooms; ~150,000 sq ft; just under $200M | Planned opening August 2026 | Rooftop pool and dining, neighborhood focus, Mediterranean Palm Beach–style facade |
| The Belgrove Resort & Spa | Open | 150 rooms and suites; 21,000+ sq ft event space | Now open; 22 villas planned by end of year | Spa with private suites, courts for tennis/pickleball/padel, private championship golf course |
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